Primary Health Properties Plc (LON:PHP) Announces Dividend Increase – GBX 1.78 Per Share

Primary Health Properties Plc (LON:PHP) declared a dividend on Thursday, January 2nd,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, January 9th will be given a dividend of GBX 1.78 ($0.02) per share by the real estate investment trust on Friday, February 21st. This represents a dividend yield of 1.9%. The ex-dividend date is Thursday, January 9th. This is a positive change from Primary Health Properties’s previous dividend of $1.73. The official announcement can be accessed at this link.

Primary Health Properties Trading Down 0.3 %

Shares of LON:PHP opened at GBX 92.60 ($1.15) on Friday. The company has a current ratio of 0.48, a quick ratio of 0.62 and a debt-to-equity ratio of 96.98. The stock has a market capitalization of £1.24 billion, a PE ratio of -9,260.00, a P/E/G ratio of 5.64 and a beta of 0.41. Primary Health Properties has a 1 year low of GBX 86.25 ($1.07) and a 1 year high of GBX 105.50 ($1.31). The firm has a fifty day moving average price of GBX 93.88 and a 200 day moving average price of GBX 95.59.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PHP. Shore Capital reiterated a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, October 16th. Berenberg Bank upped their target price on Primary Health Properties from GBX 103 ($1.28) to GBX 110 ($1.37) and gave the stock a “buy” rating in a research report on Wednesday, September 18th.

Primary Health Properties Company Profile

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP’s, government healthcare bodies, pharmacies and other providers of related healthcare services.